--- title: Trout Capital Advisors Advises HPS Specialties Sale to Ferguson description: Trout Capital Advisors facilitated the sale of HPS Specialties to Ferguson. Read more about this transaction. image: https://www.troutcapital.com/hubfs/HPS%20Specialties%20and%20Ferguson%20logos.jpg --- ![HPS Specialties and Ferguson logos](https://www.troutcapital.com/hs-fs/hubfs/HPS%20Specialties%20and%20Ferguson%20logos.jpg?width=1200&height=675&name=HPS%20Specialties%20and%20Ferguson%20logos.jpg) Manufacturing • 03/25/26 [mailto:?subject=Trout%20Capital%20Advisors%20Advises%20HPS%20Specialties%20Sale%20to%20Ferguson&body=Trout%20Capital%20Advisors%20Advises%20HPS%20Specialties%20Sale%20to%20Ferguson%0D%0A%0D%0Ahttps%3A%2F%2Fwww.troutcapital.com%2Fnews-and-insights%2Ftrout-capital-advisors-advises-hps-specialties-sale-to-ferguson](mailto:?subject=Trout%20Capital%20Advisors%20Advises%20HPS%20Specialties%20Sale%20to%20Ferguson&body=Trout%20Capital%20Advisors%20Advises%20HPS%20Specialties%20Sale%20to%20Ferguson%0D%0A%0D%0Ahttps%3A%2F%2Fwww.troutcapital.com%2Fnews-and-insights%2Ftrout-capital-advisors-advises-hps-specialties-sale-to-ferguson) Link copied! # Trout Capital Advisors Advises HPS Specialties Sale to Ferguson By [ Admin ](https://www.troutcapital.com/news-and-insights/author/admin) Trout Capital Advisors Advises HPS Specialties Sale to Ferguson 2:14 **LANCASTER, Pa., Aug. 19, 2025** -- Trout Capital Advisors is pleased to announce it served as the exclusive financial advisor to [HPS Specialties, LLC](https://www.hpsspec.com/) (the "Company" or "HPS"), a leading distributor and manufacturer's representative of specialty engineered products for HVAC, plumbing, and hydronic systems, in its sale to [Ferguson Enterprises Inc.](https://c212.net/c/link/?t=0&l=en&o=4482260-1&h=6117960&u=https%3A%2F%2Fwww.corporate.ferguson.com%2Fhome%2Fdefault.aspx&a=Ferguson+Enterprises+Inc.) (NYSE: FERG; LSE: FERG), a Fortune 500 strategic buyer based in Newport News, Virginia. The transaction, which closed on June 16, 2025, represents a significant milestone for both companies. Ferguson's acquisition of HPS Specialties strengthens its position in the specialty and engineered product market and expands its footprint along the East Coast. The acquisition is a strategic advancement aligned with Ferguson's continued growth and its commitment to providing innovative plumbing and HVAC solutions to the specialized trade professional. Trout Capital Advisors led a highly competitive sell-side process that attracted interest from both strategic acquirers and private equity investors. The process was completed in under six months, underscoring the strength of HPS Specialties' market position and the quality of its leadership team. "We are beyond appreciative of the Trout Capital Advisors team," said Eric Gaumer, Co-President of HPS Specialties. "From the beginning, they educated us on every step of the process, enabling a level of preparedness that clearly benefitted in our negotiations, and ultimately a fantastic partner in Ferguson." Said [Andrew Rice, Managing Partner](https://www.troutcapital.com/our-firm/andrew-rice) at Trout Capital Advisors: "It quickly became apparent that Ferguson was a highly motivated buyer that could provide a platform for HPS to further serve its growing customer base. These two companies belong together." Adding to that sentiment, Co-President of HPS Specialties, Davis Yoho, commented, "Ferguson's shared values and vision, not only for our customers, but also for our team members, left no doubt in our decision. We are thrilled for the opportunities ahead." Kevin Loechl, Quincy Jackson, and Colton Francoeur of [Bird Loechl McCants & Holliday](https://blmhlaw.com/) served as legal counsel to HPS Specialties. [Disclaimer](https://www.troutcapital.com/terms-of-use-and-disclosures) Tags: [Manufacturing, ](https://www.troutcapital.com/news-and-insights/tag/manufacturing)[Investment Banking, ](https://www.troutcapital.com/news-and-insights/tag/investment-banking)[Transactions, ](https://www.troutcapital.com/news-and-insights/tag/transactions)[M&A Advisory](https://www.troutcapital.com/news-and-insights/tag/ma-advisory) [ ← Back to all ](https://www.troutcapital.com/news-and-insights) ### Related Posts ‹ › [![UNIPEC and UFP Technologies, Inc. logo](https://www.troutcapital.com/hs-fs/hubfs/Universal%20Plastics%20%26%20Engineering%20Company.webp?width=600&height=400&name=Universal%20Plastics%20%26%20Engineering%20Company.webp) Manufacturing Trout Capital Advisors Advises UNIPEC Sale to UFP Technologies, Inc. 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